Few topics have attracted as much attention worldwide in recentyears as the RMB. These debates have gained added urgency in lightof the financial crisis and the topic of RMB revaluation is nowbeing actively debated in countries all over the world from Tunisiato the United States. This book explores the ever-changing role ofthe RMB and the related derivative products. However, it does sofrom a view that is heavily influenced by the fallout from thefinancial crisis as well as the in the context of the increasingmaturity of the Chinese capital markets. The author has drawn onhis experience as a regulator to provide invaluable views, insightsand information on RMB derivative products and the development ofthis market going forward. Key topics include:Overview of current China economy and its capital marketIn-depth analysis on the China's banking system and foreignexchange systemExtensive analysis of on-shore and off-shore financial productsin ChinaExplanation of the needs and reasons for RMB productsinnovationInsights into the internationalization of the RMBNot only will this book leave its readers with a much cleareridea of the structure of China's capital markets but it also givesinsights on the market going forward leveraged through PeterZhang's many years of experience as both a senior banker andthrough his integral role in the key regulatory authority of thebanking sector, the CBRC.

The Chinese Yuan: Internationalization and Financial Products in China

Business & Money

Zhang, Peter G.

Economics

wiley

The collapse of Barings Bank, the oldest merchant bank in Britain, was a shock to the financial industry throughout the world. This volume is the first organized material to explain how and why this established bank with a history of 233 years bankrupted within a few days. It explains in a structured and easytounderstand manner the concept of financial derivatives, with an analysis of futures and options and their market. This is a practical reference for finance professionals, economic or finance undergraduates.

BARINGS BANKRUPTCY AND FINANCIAL DERIVATIVES (Chinese and English Edition)

Zhang Guang Ping

Chang, Kuang-P0ing

Investing

World Scientific Publishing Company

EXOTIC OPTIONS: A GUIDE TO SECOND GENERATION OPTIONS

Zhang, P. G.

World Scientific Pub Co Inc

This book provides the first systematic classification and treatment to essentially all exotic options currently trading at the Over-the-Counter (OTC) market. It contains exact closed-form pricing formulae and approximated closed-form pricing formulae for all popular exotic options. It includes arguments for and pricing formulae of exotic options with more flexibility than most popular exotic options such as flexible Asian options with flexible weights to various observations in the average, Asian barrier options, correlation digital options, etc. Most of the analyses in this book are within the Black-Scholes environment so that comparisons of each type of exotic options with the Black-Scholes model can be made readily. Emphases have been paid to illustrate the ideas of products clearly and show how to use the pricing expressions conveniently. The book contains many pricing formulae and analyses which do not exist in the literature. 
 The book is suitable for traders, analysts, risk managers, marketers, sales people, professionals in the derivatives industry, and financial professionals in general who have an interest in the concurrent status of the exotic derivatives market. It is also of great interest to professors and graduate students who want to catch up with the ever growing innovation process in the derivatives industry. Scientists, engineers, computer programers, and other professionals may also find the book an efficient way to grasp some financial ideas and connect financial products with mathematical tools.

Exotic Options: A Guide to the Second Generation Options

This is the first systematic and extensive book on exotic options. The book covers essentially all popular exotic options currently trading in the Over-the-Counter (Otc) market, from digitals, quantos, spread options, lookback options, Asian options, vanilla barrier options, to various types of exotic barrier options and other options. Each type of exotic options is largely written in a separate chapter, beginning with the basic concepts of the products and then moving on to how to price them in closed-form solutions. Many pricing formulae and analyses which have not previously appeared in the literature are included and illustrated with detailed examples. It will be of great interest to traders, marketers, analysts, risk managers, professors, graduate students, and anyone who is interested in what is going on in the rapidly changing financial market.

Exotic Options: A Guide To Second Generation Options (2Nd Edition)

WSPC

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